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Real Estate Licensing Virginia-Real-Estate-Salesperson Exam Syllabus Topics:

Real Estate Licensing Virginia Real Estate Salesperson Sample Questions:

1. Which of the following is NOT an option that a seller has after receiving a counteroffer?

A) allow the offer to expire
B) discharge the contract
C) reject the offer in writing
D) accept the offer

2. What is unique about an exclusive right-to-sell listing agreement?

A) The broker gets compensation regardless of who sells the property.
B) The broker represents both the seller and the buyer.
C) The broker acts as a general agent for the client in all business dealings.
D) There are multiple brokers working to sell the same property.

3. A type of (usually commercial) lease in which the tenant pays a base rent amount and a percentage of their business profits to the landlord is a:

A) gross lease
B) net lease
C) percentage lease
D) ground lease

4. Who regulates fair housing advertising?

A) HUD
B) HMDA
C) ECOA
D) CRA

5. Bobby took out a commercial mortgage to pay for his new podcast studio. It is an interest-only loan of $800,000 with an interest rate of 4.5%. How much will Bobby pay in interest over the year?

A) $10,500
B) $36.000
C) $45,000
D) $3,500

Solutions: